In 1987, the Provo Power Company (P.P.C. Limited) acquired a 50-year exclusive license to generate and distribute electricity for Providenciales, North Caicos, and Middle Caicos, which expires in 2037. Separately, Atlantic Equipment and Power (AEP) acquired an exclusive license for South Caicos which is due to expire in. .
There are two approaches for persons wishing to install a solar array at their residence or business: .
Photovoltaic (solar) panels and some support equipment carry a 0% duty, unlike the normal 30% on most items imported into the islands. However,. .
The payback period will likely be between 8-12 years, although this depends on a number of factors. Due to decreasing global costs of solar. Power in Turks and Caicos is derived from a diesel power plant on island and costs $.43 per kwh, or more. Costs to provide power through solar will be about $.13 per kwh. [pdf]
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